Hafnia finally wins senior listing — but at what cost?

Triumph or train wreck? Observers weighing Hafnia’s placement of $230m of shares on Oslo’s Axess exchange this week have ample reasons for coming down on ­either side of the question.

While the placement — in effect Hafnia’s long-awaited initial public offering — has many advan­tages for the product tanker giant, it is blemished by execution and total proceeds that were well below its target.